Motorola Solutions, the Schaumburg-based maker of walkie-talkies and radio systems, reported fourth-quarter sales Wednesday were flat compared with a year ago but beat analyst expectations on earnings per share.

Motorola Solutions Inc reported a better-than-expected quarterly profit as it slashed costs, and the maker of walkie-talkies and radio systems raised its share buyback authorization by $5 billion.
Motorola Solutions has about $600 million remaining...

Schaumburg-based Motorola Solutions, a maker of walkie-talkies and radio systems,
on Tuesday reported that third-quarter profit fell 52 percent on a combination of lower sales and one-time charges.
Net income fell to $147 million, or 59 cents per...

The rooftop deck atop Nir Zohar's Israeli startup firm provides a bird's-eye view of this metro area's evolution into a high-tech powerhouse.
His website set-up company, Wix, is tucked into a once-derelict port district, now the seaside home to a bevy...

Last month, when the U.S. economy grew at its fastest pace since 2011, corporate research and development spending got some of the credit.
Investment in what the U.S. Commerce Department calls "intellectual property products," which includes R&D,...

Motorola Solutions is transferring a big chunk of its pension obligations to a leading insurer, aiming to reduce the risk on its balance sheet.
Motorola Solutions will buy a $3.1 billion group annuity contract from Newark, N.J.-based Prudential Insurance Co. of America under which the insurer will pay and administer retiree pensions for 30,000 eligible former U.S. employees who started receiving pension payments by last year, according to Motorola. Prudential will invest the $3.1 billion from Motorola...

The United States generally taxes the income of large corporations at 35 percent, one of the highest rates in the world. It has spurred companies such as Lake Forest-based Hospira to enter talks to buy a French company in a deal that would enable the drugmaker to move its headquarters to that country and lower its taxes.
North Chicago-based drugmaker AbbVie also plans such a move, a tactic so controversial that U.S. Sen. Dick Durbin and President Barack Obama have railed against the practice, known as...

Motorola Solutions confirmed it is laying off an unspecified number of employees this year as part of a previously announced plan to reduce global costs by $200 million.
The Schaumburg-based company said employees would be notified this week.
The layoffs will continue throughout this year, as Motorola continues to look for ways to cut costs, including considering closing facilities, according to a spokeswoman.
“These are always difficult decisions. In keeping with Motorola's core values, we...

Motorola Solutions no longer needs all of its sprawling, 286-acre Schaumburg campus after downsizing, and it is seeking a developer to help the company determine what to do with its extra space, officials said.
The company anticipates selling some of its buildings — a 175,000-square-foot information technology building and an accompanying 33 acres are already on the market — and redeveloping other areas.
"Motorola Solutions is working to remove cost from the company so we can operate as...

Lincolnshire-based Zebra Technologies’ and Schaumburg-based Motorola Solutions’ stocks fell after they both posted second-quarter earnings declines and Motorola reported a drop in sales for a unit Zebra is set to purchase from it by year’s end.
Zebra agreed to acquire Motorola Solutions’ enterprise unit for $3.45 billion in April.
“During the second quarter, we made good progress on integration planning for the pending acquisition of Motorola's Enterprise business,”...

With the scale of the disaster in Japan still being measured, concerns are growing that last week's earthquake and tsunami could lead to a long-term disruption in the world's supply of automobiles, consumer electronics and machine tools.
Japan is the world's third-largest economy and a huge exporter of cars, electronic components and industrial equipment as well as steel, textiles and processed foods. In turn, it's a voracious consumer of petroleum, imported agricultural products and luxury consumer...